Brokerages Set Empire Company Limited (EMP.A) Price Target at $28.13

Empire Company Limited (TSE:EMP.A) has been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$28.13.

A number of brokerages have recently issued reports on EMP.A. Scotiabank increased their price objective on shares of Empire from C$25.50 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Raymond James Financial increased their price objective on shares of Empire from C$22.00 to C$24.00 and gave the stock a “market perform” rating in a research note on Friday, September 15th. CIBC increased their price objective on shares of Empire from C$20.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. National Bank Financial increased their price objective on shares of Empire from C$28.00 to C$29.00 in a research note on Thursday, December 14th. Finally, Royal Bank of Canada increased their price objective on shares of Empire from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th.

Shares of Empire (TSE:EMP.A) traded down C$0.28 during midday trading on Monday, hitting C$24.49. 189,779 shares of the stock were exchanged, compared to its average volume of 366,820. The stock has a market capitalization of $6,650.00, a PE ratio of 74.21 and a beta of -0.24. Empire has a 1 year low of C$15.47 and a 1 year high of C$26.34.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 31st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.71%.

ILLEGAL ACTIVITY WARNING: This piece was first published by Equities Focus and is the property of of Equities Focus. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.equitiesfocus.com/2018/01/07/brokerages-set-empire-company-limited-emp-a-price-target-at-28-13.html.

Empire Company Profile

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.

Analyst Recommendations for Empire (TSE:EMP.A)

Receive News & Ratings for Empire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply